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| Exchange Disseminated Time | Jayaswal Neco Industries Ltd has informed BSE that the members of the Company will consider to approve by way of Postal Ballot the Resolutions relating to make loan(s) and / or give any guarantee(s), make investment(s), provide any security(s) in connection with loan(s) made so however that the aggregate loans, guarantees, Investments and securities together with the loans, guarantees, investments or securities already given or to be given and outstanding may exceed 100% its Free Reserves Or 60% Of its the paid up Share Capital and Free Reserves as at the end of the relevant financial year whichever is higher but shall not exceed Rs 500 Crores (Rupees Five Hundred Crores only), subject to necessary provisions & approvals.
The Company has appointed Shri. Atul Khadse, as the Scrutinizer for conducting the Postal Ballot process in a fair and transparent manner.
The Postal Ballot form duly completed should reach the scrutinizer on or before July 10, 2009. The scrutinizer will submit his report to the Chairman after completion of the scrutiny and the results of the postal ballot will be announced by the Chairman of the Company. |
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